Here's how we know a US default would be an economic disaster
In CNN's town hall with Donald Trump on Wednesday, the former president said a US default on its debt may be "psychological" and that it "could be nothing" or perhaps just "a bad week or a bad day."
1970-01-01 08:00
PacWest shares plunge after it reports drop in deposits
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said
1970-01-01 08:00
New York passes bill banning weight discrimination
Victoria Abraham graduated from New York University last year, ready to enter the job market. She is a self-proclaimed "fat activist" who has found her voice as a content creator online, but has concerns about applying for new job.
1970-01-01 08:00
Southwest pilots vote to authorize strike
Southwest Airlines Co pilots' union said on Thursday its members had approved a strike mandate by an overwhelming
1970-01-01 08:00
JPMorgan Chase CEO Jamie Dimon says Trump doesn't understand the debt ceiling
JPMorgan Chase CEO Jamie Dimon sharply criticized former President Donald Trump on Thursday, saying the 2024 presidential candidate doesn't understand the debt ceiling and what is at stake. It is just "one more thing he doesn't know very much about," Dimon told Bloomberg Television.
1970-01-01 08:00
Elon Musk's bid to end tweet pre-approval faces skeptical court
By Jody Godoy A federal appeals court on Thursday questioned Elon Musk's bid to end an agreement that
1970-01-01 08:00
As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
If the current banking crisis looks like '08, sounds like '08 and feels like '08, is it '08 all over again? Using abductive reasoning, the answer is yes.
1970-01-01 08:00
Ramaphosa Says South Africa Probing US Allegation That it Supplied Arms to Russia
South African President Cyril Ramaphosa instituted an inquiry into allegations that the country supplied weapons and ammunition to
1970-01-01 08:00
Sunak’s Tories Spy Chance of Income Tax Cut If Workers Return
The UK will be able to fund a 2 percentage-point income tax cut if the government can lure
1970-01-01 08:00
Biden Campaign to Cut Power Emissions Spares Most Gas Plants
The Biden administration is cracking down on planet-warming pollution from the US electric sector with proposed requirements that
1970-01-01 08:00
Blackstone, Apollo were among about 20 bidders for SVB's assets
(This May 10 story has been corrected to fix the bids closing to March 24, not March 10, in paragraph
1970-01-01 08:00
Big banks could face billions more in FDIC fees after bank collapses
The Federal Deposit Insurance Corporation's board of directors approved a proposal to raise the fees banks pay to have depositors' money insured.
1970-01-01 08:00